Netwealth announces deal with managed investment firm

In a statement yesterday, Netwealth announced it will enter into a private label partnership with Sterling Managed Investments, a subsidiary of national dealer group Futuro Financial Services.

Commenting on the announcement, joint managing director of Netwealth Matt Heine said, “We have had a long-term partnership with Futuro, which we are delighted to extend further with the development of the Sterling models.

"It’s fantastic that another successful licensee continues to embrace the many benefits of managed accounts for both advisers and their clients."

Mr Heine said Futuro clients will also benefit from the investment expertise of Joseph Palmer & Sons, who continues to work closely with many wealth management groups wanting to develop and implement unique investment propositions for their clients.

Futuro managing director Paul Kelly said, “We’re excited to be launching Joseph Palmer & Sons multi-asset and Australian equity models on the Netwealth platform under the Sterling brand. Joseph Palmer & Sons have a long tradition in managing Australian equities, income securities and ETF’s, and are well known to the Futuro network."